3 High Yield Closed-End Funds Offer Big Discounts [Forbes]
Invesco Municipal Opportunity Trust (VMO)
US:NYSE Investor Relations:
invesco.com/static/us/productdetail?productid=30589&producttype=fund
Company Research
Source: Forbes
“Buy bonds!” – Wall Street, 2H 2024 Yes, it is satisfying to be right. But it also makes me nervous that mainstream (“vanilla”) investors now agree with us. If you bought with us, you are sitting pretty. On the other hand, if you are trying to put new money to work today , this is a challenging time. I don't like buying high and I especially avoid purchasing popular names. Case in point, my favorite PIMCO products in the closed-end fund (CEF) space I'm an admitted PIMCO fanboy (I have a used copy of The Bond King: How One Man Made a Market, Built an Empire, and Lost It All that you can borrow!). I can be objective, however, and objectively speaking, PIMCO has some of the best fixed-income CEFs on the market. Two years ago, Wall Street had these high-quality PIMCO funds marked as dead money! Today, they command premiums instead of the discounts we contrarians fawned over. Thus we look past PIMCO for under-owned CEFs that still dish big divvies and still trade at discounts
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VMO
Sec Filings
- 12/9/24 - Form SC
- 12/4/24 - Form SC
- 11/18/24 - Form SC
- VMO's page on the SEC website